Big Un Limited (ASX:BIG) announced that it has entered into a sponsorship agreement with First Class Capital. This agreement is expected to generate $300,000 by the March 2016 quarter.
According to the agreement, First Class Capital will provide sponsorship to Big Review TV’s (BRTV) selected SME clients. The sponsorship will be offered in return for including FCC’s pre-roll sponsorship branding within the members video content. This agreement will allow FCC to access BRTV’s SME target audience effectively and provide Big with advertising and sponsorship revenue.
Big’s founder Brandon Evertz commented on the agreement:“ Big Review TV is totally committed to bringing value to our growing membership base and we are delighted to announce this sponsorship agreement. Sponsorship via First Class Capital brings value to both our members and to Big Review TV as a partner. It’s the first of what we anticipate to be many sponsorship agreements with third parties. Revenue from video production is the first pillar of our business model and has been our focus for the first three quarters of this year and grown exponentially.”
Brandon also added that the company is now introducing additional SME digital product offerings to the first pillar. The company aims to monetize its second pillar, which comprises merchant services, advertising and sponsorship activities. The founder also mentioned that the company intends to activate its third pillar during the second half of 2016. The third pillar focuses on potential revenue streams, upgrades, sponsorships and analytics regarding its mobile video app.
Brad Proud, CEO of First Class capital commented on the sponsorship agreement: “Big Review TV have the attentive ear of small business through their unique video offering. Our sponsorship agreement with BRTV members allows us to support small businesses whilst simultaneously promoting our finance products. We have finance solutions perfectly suited to retail businesses, an FCC are extremely excited by this partnership agreement with Big.”
Author: Imran Valibhoy
Dec 08, 2015
Since Joining the firm in 2006, Imran has worked on a range of M&A and Capital Market transactions in the natural resources, mining as well as projects in the renewable energy sector. Prior to joining Wise-owl, Imran worked at Euroz Securities in Perth, aiding in the advisory and valuation of companies in the mining and industrial sectors in Australia. Imran has a Masters in Banking & Finance from City University's Class Business School in London and a Bacheloor degree in Commerce from UWA.